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Cyber Security: The Insider Threat

For many organisations, the greatest threat to data security is already inside the building, the insider. Whether friend or foe, insider threats can be especially hard to guard against. In 2016 ISACA ranked insiders as the second highest threat overall next to malware. I suspect the trend will continue and get much worse. Who are these people? What makes them so dangerous ... Read More »

Cyber Crime: BTC-E Claims Alexander Vinnik Was Never Their Admin Employee, Promises to Return Customer Funds

Who can you believe????  In following up on our story of earlier today we discovered the following announcement of BTC-e Recently, BTC-e’s domain went down and, shortly before, news of 38-year-old Alexander Vinnik’s arrest in Greece for laundering $4 billion of ill-gotten bitcoins broke. After putting the pieces together, and having suspicions confirmed by news outlets, the cryptocurrency community started to believe ... Read More »

Cybercrime Does Not Pay: Russian Culprit Arrested For $4bn Bitcoin Theft

The ‘long arm’ of justice has finally succeeded.  Vinnik, the Russian crook  “internationally sought ‘mastermind’ of a crime organisation” accused of laundering more than $4bn in bitcoin, including funds obtained from the hack of failed bitcoin exchange Mt Gox, has been arrested in Greece. A US jury indicted Alexander Vinnik recently after his arrest in a small beachside village in ... Read More »

Cyber Security: Global Cyber Attack Could Cost $53Billion

A major, global cyber attack could trigger an average of $53 Billion of economic losses, a figure on par with a catastrophic natural disaster such as US Superstorm Sandy in 2012,  say Lloyd’s of London in a new report.  The report, co-written with risk-modeling firm Cyence, examined potential economic losses from the hypothetical hacking of a cloud service provider and cyber ... Read More »

Cyber Crime: Dark Web Marketplaces Shut Down

AlphaBay and Hansa, two of the largest “dark web” marketplaces for illegal and illicit items such as drugs and guns, have been shut down, the US Justice Department said on Thursday 20th July. Police in the US and Europe, including the US Federal Bureau of Investigation (FBI), the Drug Enforcement Agency (DEA) and the Dutch National Police, partnered to shutter ... Read More »

Report Predicts Banks to Get €4.7bn Fines In First 3 years Under GDPR

A new report is “conservatively” forecasting that European finance organisations are about to shell out €4.7 billion in first three years after the GDPR (General Data Protection Regulations) comes into power thanks to data breaches which they don’t currently have to declare.  Consult Hyperion, which commissioned AllClear ID to carry out the research said in a press release, “this forecast is ... Read More »

Cyber Security: All About Petya

Meet the sequel to WannaCry, the wide-ranging ransomware attack that crippled businesses around the globe in May. On Tuesday 27th June, another widespread ransomware attack began halting unprepared businesses in their tracks.  The new attack uses the same method of propagation as WannaCry: A leaked hacking tool called Eternal Blue, which has been linked to the US National Security Agency. One of ... Read More »

Caveat Emptor: Get Ready To Be Dazzled By GDPR Professionals

Roll up, roll up, shouts the cybersecurity tout at the conference. “Are you ready to be dazzled by our GDPR product, service and expert?” We smile, groan or “tut tut.” We watch, listen, agree to a meeting, or scold and walk away. Everyone’s an expert these days and all products solve the problem of GDPR, or at least that’s what ... Read More »

Cyber Crime Drives Up The Cost Of Insurance

For companies and organisations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber-crime insurance, it’s free marketing for what could be a $10 billion opportunity. High-profile computer breaches like the hack of the Democratic National Committee and the Twitter Swastika Hack are reinforcing the need for protection against cyber threats, ... Read More »

FICO: 6 Principles for Cyber Risk Scores — and Why We Need Them

A FICO Contribution on Cyber Security Ratings The use of scores that rate a firm’s cybersecurity risk — such as the FICO® Enterprise Security Score — is picking up momentum. In an effort to ensure that these scores consistently add value, and to ensure that they help rather than harm businesses, a group of firms recently convened to develop industry standards for ... Read More »

Cyber Security: WannaCry Was Not A Phishing Attack

The WannaCry ransomware threat didn’t begin with malware-infected phishing emails as first suspected, according to a new analysis from Malwarebytes.  The security vendor claimed it had been “an easy mistake to make”, but that in reality, the now-infamous campaign began by scanning for vulnerable SMB ports exposed to the public Internet. Security researchers have had a busy week since the WannaCry ... Read More »

Cyber Security: Employees That Cause Data Breaches

When it comes to cyber-crime, it’s easy to imagine that the biggest threat to your company is external. However, more and more companies are realizing that trusted and trained employees can also pose an enormous threat. Indeed, a recent report by Haystax Technology discovered that 74% of organizations questioned “feel vulnerable to insider threats,” with 56% of security professionals certain that “insider ... Read More »

TransUnion and Equifax Launch Multi-Bureau Lock

Unique, two-bureau feature enhances identity theft protection, data security TransUnion® (NYSE: TRU) and Equifax Inc. (NYSE: EFX) have entered into an agreement to launch a first-of-its-kind identity theft protection feature, Multi-Bureau Lock, that allows customers to lock both their TransUnion and Equifax credit reports. This agreement reinforces Equifax and TransUnion’s shared commitment to identity theft protection and data security by making it ... Read More »

Cyber Security Battles: Predictions for 2017

Is your organization prepared to increase its cyber security investment in 2017 to deal with newer and greater numbers of cyber threats? In 2017, cyber security battles may favor criminals even more as the Internet of Things (IoT) continues to expand possible avenues of attack. The 2017 security predictions from FireEye include insights on: What investments in security organizations will ... Read More »